Well that's the first stage done :) :)Interesting to note that...

Well that's the first stage done :) :)

Interesting to note that they have decided to transport the oil themselves to a 3rd party storage facility, rather than just sell it at the wellhead.

I assume the price they are going to get for the oil more than covers the cost of doing this, so I'd expect the sales price to hopefully be close to the $50 mark.

Second stage - sign agreements , sell some oil and get the cash in the bank.

J-53 test results still to come (obviously it is commercial otherwise they would not be applying for a production licence for it)

LOTM